Crisil rates projects by local developers in Mangalore
In order to boost the real estate of Mangalore, Crisil Limited has allotted ratings for three project by Land Trades- a city based real estate company.
Ouranai and Sai Grandeur are the two completed projects by Land Trades which have been given 7 star ratings, and its ongoing project- Maurishka Palace has got 5 star rating.
Crisil Real Estate ratings provide city specific all rounder assessment of real estate projects and help buyers benchmark and identity quality projects within the city. The ratings address two critical needs in the real estate sector, i.e. objective bench marking of projects and improved transparency, both to help the end users make their choice.
The city specific ratings started in 2010 by Crisil. City 7 star is the highest, while city 1 star is the lowest being a non deliverable project. The company had already rated 208 projects across India since 2010 and 19 of them are in Karnataka.
If sources are to be believed, then a Mumbai based developer has one project in the city which has got 3 star rating. Land Trades proprietor said that these ratings confirm the quality work and delivery of project on time.
The ratings will help the real estate developers to improve their performance.
Land Trades is launching its latest project – Land Trades Atlantis that consists of 40 super luxury apartments over 14 floors on April 24.
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